The average long-term U.S. mortgage rate fell for the fifth week in a row, more good news for prospective homebuyers grappling with an increasingly unaffordable housing market. The latest decline brought the average rate on […]
Alipay Singapore Holding, an arm of Chinese e-commerce giant Alibaba, on Wednesday divested its entire 3.44% stake in food delivery aggregator Zomato for Rs 3,337 crore through open market transactions. ICICI Prudential Life Insurance Company, […]
New Delhi (TIP)- The Supreme Court on Friday, November 24, observed that the Hindenburg Research report should not be treated as a statement of truth. While hearing petitioners plea on the factual revelations made in […]
Beijing (TIP) – Any step by China to allow banks to provide unsecured loans to eligible developers “would be a risky move” for the lenders, JPMorgan Chase & Co has said. Such a measure “would […]
The government will struggle to raise even half the proceeds it had targeted from planned sales of state-run firms this year and will miss divestment targets for the fifth straight year, sources said, as elections […]
Billionaire Warren Buffet-backed Berkshire Hathaway Inc on Friday, November 24, divested its entire 2.46% stake in Paytm’s parent company One97 Communications for Rs 1,371 crore through an open market transaction. Berkshire Hathaway Inc through its […]
New Delhi (TIP)- India’s merchandise exports rose 6.21 per cent to USD 33.57 billion in October this year, even as the trade deficit touched a record high of USD 31.46 billion during the month, government […]
Beijing (TIP)- Chinese e-commerce giant Alibaba said Thursday, November 16, it was cancelling a planned cloud service spinoff announced this year over US chip restrictions, as it reported results for the third quarter of 2023 […]
Sebi chairperson Madhabi Puri Buch on Thursday, November 16, said the Sahara matter will continue for the capital markets regulator even after the death of the group’s founder Subrata Roy. Speaking to reporters on the […]
The entertainment unit of India’s Reliance has signed a deal with The Pokemon Company to show children’s shows and movies on its platform, two people with knowledge of the deal said, its latest bid to […]
New Delhi (TIP)- Moody’s Investors Service on Thursday, November 9, retained India’s economic growth forecast for 2023 at 6.7% and said strong domestic demand will likely sustain the growth in the near term. With exports […]
New York (TIP) – On Thursday, November 9, trades handled by the world’s largest bank in the globe’s biggest market traversed Manhattan on a USB stick. Industrial & Commercial Bank of China Ltd.’s US unit […]
The US International Development Finance Corporation (DFC) will provide USD 553 million financing to Colombo West International Terminal Pvt Ltd – a consortium of India’s largest port operator Adani Ports and SEZ Ltd, Sri Lanka’s […]
Apple might end up on the hook after all for billions of Euros in back taxes to Ireland in the latest twist in a long-running European Union dispute, following a legal opinion on Thursday, November […]
Billionaire Gautam Adani’s group has acquired the remaining 51% stake in Quintillion Business Media Pvt Ltd to take full control of the Raghav Bahl-curated digital business news platform for an undisclosed amount. Adani Enterprises Ltd, […]
In a significant move, the government has permitted Indian companies to list on foreign exchanges, subject to certain conditions. The corporate affairs ministry has notified the relevant section under the companies law in this regard. […]
Washington (TIP) -The Federal Reserve held interest rates steady on Wednesday as policymakers struggled to determine whether financial conditions may be tight enough already to control inflation, or whether an economy that continues to outperform […]
New York (TIP)-Walt Disney on Wednesday, November 1, formally began the process of buying Comcast’s one-third stake in Hulu, a deal that will give Disney full ownership of the streaming service and freedom to incorporate […]
New Delhi (TIP)- India, the world’s fifth largest economy, may overtake Japan by 2030 to become the world’s third-largest economy, says S&P Global Market Intelligence. Currently, Japan is the third biggest economy with a GDP […]
Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge. Crude prices rose sharply […]
India’s accounting regulator is investigating an EY member firm that audits five companies that are part of billionaire Gautam Adani’s eponymous conglomerate, a source familiar with the matter said. The National Financial Reporting Authority (NFRA) […]
New Delhi (TIP)- Homegrown FMCG major Dabur on Wednesday said its three foreign subsidiaries are facing cases in federal and state courts in the US and Canada. The three Dabur India subsidiaries facing cases are […]
NEW YORK (TIP)- Oil prices settled higher on October 19 as traders remained nervous that Israel’s military campaign in Gaza could escalate to a regional conflict. Brent futures for December settled up 1%, or 88 […]
Wholesale Price Index-based (WPI) inflation remained negative for the sixth straight month in September due to easing prices of food items, especially vegetables. The WPI was at (-) 0.26% in September as against (-) 0.52% […]
Maruti Suzuki India has said its Board has approved a proposal to execute a share purchase agreement to acquire 100% equity capital of Suzuki Motor Gujarat (SMG) from Suzuki Motor Corporation (SMC). The auto major […]
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